Trump’s pledge to help China’s ZTE spurs backlash in Washington
WASHINGTON (Reuters) – President Donald Trump’s pledge to help a Chinese telecommunication company that broke U.S. sanctions law sparked a backlash from lawmakers who said the move could weaken the U.S. hand in upcoming trade talks with Beijing.
CEO Musk tells Tesla staff he is planning ‘thorough reorganization’
(Reuters) – Tesla Inc’s <TSLA.O chief executive officer told employees on Monday the company is undergoing a “thorough reorganization,” as it contends with questions over its production schedule and two crashes last week involving its electric, self…
Russia’s Renova gets credit line from Promsvyazbank
MOSCOW (Reuters) – Russian billionaire Viktor Vekselberg’s Renova Group received a credit line from Promsvyazbank last week to support the business after it was hit by U.S. sanctions, Russia’s finance ministry said on Monday.
CBS sues controlling shareholder Redstone to stop Viacom merger plan
(Reuters) – CBS Corp on Monday filed a lawsuit to stop controlling shareholder Shari Redstone continuing with her plan to merge it with Viacom Inc , saying such a deal would harm its shareholders.
Trump’s comments on China’s ZTE draw security concerns
WASHINGTON (Reuters) – President Donald Trump’s pledge to help China’s ZTE Corp “get back into business, fast” and save Chinese jobs after a U.S. ban crippled the technology company drew condemnation from some lawmakers on Monday over trade and securit…
U.S. safety agency wants meetings with automakers on Takata recall
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration said Monday it had written 12 major automakers, asking for meetings after the agency said the companies failed to meet a December 2017 target deadline for completing repairs on t…
Wall Street climbs on easing U.S.-China trade tensions
(Reuters) – U.S. stocks notched up gains on Monday on signs of easing trade tensions between the United States and China after President Donald Trump softened his stance on Chinese technology company ZTE Corp.
Aiming for clearer skies: Air France-KLM to name interim CEO on Tuesday
PARIS (Reuters) – Air France-KLM’s board meets on Tuesday morning to appoint an interim chief executive for the Franco-Dutch airline, who will have to tackle French unions emboldened after the departure of previous boss Jean-Marc Janaillac.
Wall Street opens higher as trade tensions ease
(Reuters) – U.S. stock indexes opened higher on Monday on signs of easing U.S.-China trade tensions after President Donald Trump softened his stance on ZTE Corp, pledging to help the Chinese technology company “get back into business, fast”.
SoftBank, PIF in early funding talks with banks on huge solar project – sources
DUBAI (Reuters) – SoftBank Group Corp and Saudi Arabia’s Public Investment Fund are in early talks with banks about potential funding for a multi-billion dollar solar power project planned in the kingdom, say sources familiar with the matter.
